IMPLEMENTASI INSTRUMEN GREEN SUKUK DAN CASH WAQF LINKED SUKUK (CWLS) DALAM PEMBANGUNAN BERKELANJUTAN (SDGs)

Abstract

The Sustainable Development Goals (SDGs) set targets for 2030 to strengthen the environment, society, and economy. The existence of green sukuk and CWLS can fulfill the SDGs' objectives in achieving socio-economic welfare for the community. This study aims to identify the implementation of green sukuk and cash waqf linked sukuk instruments in achieving sustainable development. The approach used in this study is descriptive qualitative. The data collection techniques in this study use a literature study and intuitive-subjective approach. The results of the analysis show that policy makers influence the inclusiveness of Islamic financial institutions. Policy makers have a long-term relationship with green sukuk. CWLS instruments can facilitate Nazhir in productively utilizing waqf land and reaching many mauquf alaih. The existence of CWLS encourages a sustainable inclusive economy, strengthens the cash waqf ecosystem in Indonesia, and supports the national cash waqf movement in assisting social investment development. Green sukuk and CWLS instruments can enhance public literacy and inclusion regarding sukuk and wakaf, and the availability of these instruments will facilitate the development of products and services offered by Islamic financial institutions. This study has not comprehensively examined the risks associated with green sukuk and CWLS instruments in the third-party funding approach.